The head of $5.7 trillion fund giant BlackRock says the biggest trend in investing is just getting started (BLK)
|07/18/2017||Posted by BusinessMediaguide.Com under General World News||
Passive investing has changed Wall Street forever, driving costs down for mom-and-pop investors.
It’s also causing problems for the active money managers who are struggling to compete. Mutual fund managers, who charge fees to pick investments, are struggling to justify their cost. And some of the biggest hedge fund managers say the massive amounts of money flowing into passive strategies is changing how they invest.
The trend has only just begun, according to the head of the world’s largest manager, BlackRock CEO Larry Fink.
“Index and ETFs still only represent 10% of the entire equity market global capitalization,” Fink said Monday, July read more >>>